Today news
About the same in other media
04.11 - 16:51
Bitcoin bull Mark Yusko sees trouble at $60,000, calls the cryptocurrency 'overbought' right now
Reading now: 938
cnbc.comIn this article
A bitcoin bull is on pullback watch.
Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency's sharp rally over the last few weeks.
«There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should,» the Morgan Creek Capital Management CEO and CIO told CNBC's "Trading Nation" on Friday. «I also wouldn't be surprised of a little consolidation. Look, we're up 40% this month which is only 15 days old.»
Bitcoin crossed the $60,000 mark for the for the first time since April on Friday. The bullish move came on excitement surrounding progress on bitcoin ETFs.
«We're excited, obviously, that people are recognizing that approval is likely
Read more on cnbc.comAbout this in other media
Survey Reveals How Bitcoin, Ethereum & Crypto Bring Job Freedom cryptonews.com /2 years ago
ING sees profit nearly double for third quarter fnlondon.com /2 years ago
Solana battles Cardano for the top-five spot as SOL market cap crosses $70B-mark cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
